Kaysville has significantly reduced its outstanding debt in recent years, reaching approximately $4.8 million as of October 2026. According to an October 30 statement, the city's debt has declined from nearly $9.5 million in 2020, a reduction of nearly 47% over five years.
The city's existing debt is largely tied to two public facilities. Approximately $2.45 million is owed on bonds for City Hall renovations, with annual payments of about $336,500 until they are fully paid off in 2034. The Police Station has an outstanding bond balance of approximately $1.85 million, with annual payments of about $398,000 through 2031. These bonds are funded by property taxes and public safety impact fees. Additionally, the city holds smaller loans totaling less than $500,000 for equipment such as an ambulance, a police detective vehicle, and a large-area mower.
Three major community facilities are currently being addressed. The city has approved funding in the FY2027 budget for Operations Center improvements, a project costing approximately $6.4 million. To finance this, the city plans to issue up to $6.5 million in sales tax revenue bonds, with annual debt payments covered by water, electric, and stormwater utility revenues. The city also anticipates issuing revenue bonds in 2027 for its $10.5 million contribution to the Kaysville Field House, a partnership with Davis School District. This facility is expected to open in late summer or early fall of 2027.
The city is also evaluating the construction of a second fire station on the west side of Kaysville to improve emergency response times. While a $16.5 million general obligation bond was previously planned for a November 2026 ballot, that election was canceled. The city is exploring ways to reduce project costs and may return the proposal to voters for consideration at an election within the next two years.
Kaysville maintains one of the lowest property tax rates in Davis County, ranking fifth lowest among the 15 cities in the county. Residents can review annual financial reports and budgets on the city's official website.
